XIV: ACKNOWLEDGEMENT

Answer

1. Acknowledgment Statements. Each Director and officer, and each employee, shall sign a statement which affirms that such person has received a copy of these Bylaws, including Section XV, has read and understands this Section XIV, has agreed to comply with this Section XIV, and understands that the Association is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.